HSBC Infrastructure Company Ltd has signed a conditional contract to acquire a 50% interest in the Queen's Hospital PFI project in Romford from a subsidiary of Lend Lease Corporation.
The completion of the acquisition is subject only to receipt of a third party consent, which is expected next week.
On completion, the company will acquire equity and loan notes for an aggregate consideration of £23.9m, which will be met from the company's existing resources.
Story provided by Business Financial Newswire
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